The Fed chairman s comments come at a critical and sensitive moment.

But former US Federal Reserv e Chairman Alan Greenspan warns of inflationary dangers.

Fighting the Fed

Hoenig and Richard Fisher, the president of the Federal Reserve Bank of Dallas, have been leading the charge on this issue within the Federal Reserve System.

The Fed Under Fire

The Fed s Communication Breakdown

The Fed s Dollar Distraction

By reappointing a Fed chair chosen by someone else, a president can appear to guarantee financial markets that the Fed is not too much under his thumb.

While Fed Chairman Ben Bernanke paid obeisance at his recent press conference to the talisman of a strong dollar, the Fed is probably quite happy to see the greenback trending down.

The Chinese Economy and Fed Policy

The Fed in Denial

Audit the Fed?

Blaming the Fed

The Fed vs. the Financiers

His salary is seven times that of the chairman of the US Federal Reserve and nearly 3 times higher than that of his own superior, the Hong Kong Chief Executive.

Will Fed Tightening Choke Emerging Markets?

The Fed was hardly alone.

In the red corner, so to speak, we find former Fed Chairman Paul Volcker and current Bank of England Governor Mervyn King, not natural revolutionaries.

Why the Fed Buried Monetarism

The Trapdoors at the Fed s Exit

The Fed pays the banks 0.25 to keep them idle.

But now commercial banks are willing to hold their excess reserves at the Fed, because the Fed now pays interest on those deposits.

The former Federal Reserve chairman s simple idea has been co opted and diluted through hundreds of pages of legalese.

How the Fed Just Reduced Inequality

Once again, the US Federal Reserve is in the eye of the storm.

Today, the Fed is again playing the expectations game.

The US Federal Reserve is finally shifting its thinking.

That is why the Fed has been taking steps to become more transparent it releases the minutes of Federal Open Market Committee meetings and publishes transcripts with appropriate delay, while FOMC members give speeches detailing their views. Moreover, in a recent innovation, the Fed now publishes the inflation and interest rate forecasts of FOMC members and Reserve Bank presidents.

Where the Bank of Japan has now led, the Fed should follow.

In the case of the Fed, seven members of the Board in Washington have a federal remit, and twelve presidents of regional reserve banks vote in rotation, with only the New York president having a permanent voice.

US Federal Reserve Chairman Ben Bernanke has tried hard to avoid having the blame fall on the Fed for deepening this downturn in the way that it is blamed for the Great Depression, famously associated with a contraction of the money supply and the collapse of banks.

The link between Fed bond purchases and the subsequent growth of the money stock changed after 2008, because the Fed began to pay interest on excess reserves.

The Fed chairman is hearing voices because he is a team player who wants to encourage US budget cutting.

Indeed, Fed Chairman Ben Bernanke often says that his goal is to prevent another Great Depression, even though the Fed addressed that risk effectively in 2008.

With dollar financing by the Federal Reserve available to large institutions, the Fed became the equivalent of a world central bank.

The US Constitution, after all, does not guarantee the Fed s independence.

Even worse, the Fed is playing with fire.

That, in a nutshell, is what the Fed and the ECB are saying.

That, of course, is what the Fed had been hoping for.

The Federal Reserve will not willingly resort to inflation.

Second, the Fed s actions do not seem to be effective.

The Fed declined to regulate these dubious practices.

The Fed should relearn that lesson.

The Fed has printed new bank reserves with reckless abandon.

The founding governors of the Federal Reserve System interpreted their mandate narrowly, viewing the Fed as responsible for maintaining gold convertibility and a stable dollar.